Gift Plan Details: Life Insurance

They can use  cash, securities (stock, bonds, mutual fund shares) or real estate.  They can give tangible personal property (artwork, books, artifacts, equipment, etc.)  They can fund a gift plan with a business or partnership interest (closely held stock, a share in a professional corporation, an investment in a limited partnership).  They can give you a paid-up life insurance policy.

Donors can also direct a charitable distribution from the balance remaining in their retirement plan (IRA, 401(k), Keough, etc.) at death. They can also make your organization the owner and beneficiary of a new life insurance policy. 

Note: Some gift assets can prove challenging for a non-profit to administer and/or liquidate, and your organization should review offers of non-traditional assets carefully before accepting them.